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Nov 6, 2012
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president obama: i'm barack obama and... i approve this message. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. >>> of course, weather can be a game-changer on election day and historically, republicans should be praying for rain. i don't agree with that but that's the historic view. more to the point, here's is paul walsh, vice president of weather analyticth at the weather company. paul, what's the threat here? what's the s
president obama: i'm barack obama and... i approve this message. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy,...
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Nov 5, 2012
11/12
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president obama. that's indicative of a obama win. a lot of people noted big dividend players, r echleits, telecom, some argue higher taxes from president obama on dividends, indicate president obama likely victory. bottom line, the markets are not sending a clear signal either way. back to you. >> bob, thank you so much. here's a sobering report on taxes. goldman sachs says it doesn't matter who win. dif dent and capital gains taxes will go up regardless. for president obama we're talking between 20% and 30% or more. for governor romney, we're talking 19% if republicans don't win a majority in the senate. joining me, long-time obama adviser, robert wolf, former chairman of ubs america and now on reuters television. thank you for joining us. do you agree regardless of who takes the white house, investors will see tax increase? >> yes. we're all talking about the fiscal cliff. we need revenues. irrespective of who comes in to fix the debt, you'll have to raise taxes. it's clear to me. how far will they
president obama. that's indicative of a obama win. a lot of people noted big dividend players, r echleits, telecom, some argue higher taxes from president obama on dividends, indicate president obama likely victory. bottom line, the markets are not sending a clear signal either way. back to you. >> bob, thank you so much. here's a sobering report on taxes. goldman sachs says it doesn't matter who win. dif dent and capital gains taxes will go up regardless. for president obama we're...
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Nov 7, 2012
11/12
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the state of connecticut is called for obama. an important state there with a high profile senate race between linda mccann and representative chris murphy and the district of columbia just three electoral votes is called for president obama. >> we're waiting on florida right now florida is still too close to call. this of course is one of the t hotly contested states. florida too close to call. the polls are closed in florida. onto illinois where obama has taken illinois. as you can see there illinois is going to the president. maine also going to the president tonight. nbc news projecting president obama is the winner of maine. onto maryland where we are also seeing president obama take maryland. and that of course ten electoral votes. >> interesting. the state of massachusetts governor romney's home of course as governor at least being called for barack obama. also home to a very high profile senate race between senator scott brown and elizabeth warren of harvard. the woman who set up consumer protection bureau. mississippi is
the state of connecticut is called for obama. an important state there with a high profile senate race between linda mccann and representative chris murphy and the district of columbia just three electoral votes is called for president obama. >> we're waiting on florida right now florida is still too close to call. this of course is one of the t hotly contested states. florida too close to call. the polls are closed in florida. onto illinois where obama has taken illinois. as you can see...
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Nov 20, 2012
11/12
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and barack obamas looks set to flag the south china sea issue. and ban ki-moon has called for an immediate cease fire in gaza. and a lot of noise, not a lot of effect. an analyst's words on credit suisse's plans to consolidate. that sent the shares to the bottom of the smi. pretty solid gains for global equities. today a cautious start indicated for u.s. markets. s&p 500 at the moment just less than two points below fair value. right now the nasdaq is some six points below fair value. and the dow currently some 28 points below fair value. the global 300 looks like this. pretty flat really. just down a point or so. and european stocks have been fairly flat. no big moves. you can see the ftse right now down 0.2%. we were up over 2% yesterday. xetra dax up 0.2. not big reaction to the fact that moody'ss as followed s&p by cutting aaa rating. and ibex down about a third. spain raising a little bit of have a money. they started funding for 2013 ahead of 12 and 18 month t-bill auction today. 12 month yields a little bit lower. 18 month demand not as mu
and barack obamas looks set to flag the south china sea issue. and ban ki-moon has called for an immediate cease fire in gaza. and a lot of noise, not a lot of effect. an analyst's words on credit suisse's plans to consolidate. that sent the shares to the bottom of the smi. pretty solid gains for global equities. today a cautious start indicated for u.s. markets. s&p 500 at the moment just less than two points below fair value. right now the nasdaq is some six points below fair value. and...
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Nov 7, 2012
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obama put together a great jobs program. this nation does believe that this president is pulling this country forward. now it's really time for the legislature to get themselves together. i'm not a reflexive partisan. i feel sad that a moderate republican is leaving. i feel bad that dick doesn't get re-elected. i feel bad that warn hatch and mccain have to run hard to the right to defend themselves from tea party attacks. most of us are in the pragmatic center. >> but we know how difficult that can be. thinking back to some comments about private equity and how criticism of that should not go overboard. it seemed like he had to walk it back again. >> look, i'm -- newark, new jersey is going through the biggest economic development period. building the first new office towers in years. population is increasing for the first time. and that's because of bringing everybody together. training people for jobs. everybody woshing together around the same table. i support barack obama because i believe he brings the same spirit. the
obama put together a great jobs program. this nation does believe that this president is pulling this country forward. now it's really time for the legislature to get themselves together. i'm not a reflexive partisan. i feel sad that a moderate republican is leaving. i feel bad that dick doesn't get re-elected. i feel bad that warn hatch and mccain have to run hard to the right to defend themselves from tea party attacks. most of us are in the pragmatic center. >> but we know how...
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Nov 5, 2012
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even if obama wins, i don't see much upside. if romney wins because of the optimism that any growth in the economy that would engender, it would be negative for bonds. for me, the trade is very asymmetrical with very little upside in bonds and a lot more downside if -- either way, depending on who wins. >> even if romney wins, you think there's not a lot of upside for stocks? >> well, for stocks i think we're going to get an emotional knee-jerk bounce november, december. i think 2013 is going to be a challenge for no matter who wins. but i think we're going to get a rally, 5%, 10%, if romney wins. on the flipside, if obama wins, a lot of people will be disappointed and they'll have to deal with the stark reality of taxes going higher in 2013 across the board in a very fragile economy. i see a lot of downside the next few months if obama wins. again, this is separate from 2013. >> understood. abigail, let's look at the charts. >> technically i have to take the other side of peter. the reason being, when we look at the s&p 500, we
even if obama wins, i don't see much upside. if romney wins because of the optimism that any growth in the economy that would engender, it would be negative for bonds. for me, the trade is very asymmetrical with very little upside in bonds and a lot more downside if -- either way, depending on who wins. >> even if romney wins, you think there's not a lot of upside for stocks? >> well, for stocks i think we're going to get an emotional knee-jerk bounce november, december. i think...
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Nov 14, 2012
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after all, if you are president obama, you believe the election is over and your campaign received a ringing endorsement. but if you are a republican, you have to believe that those republicans that do not want to rise above politics are banking on massive declines in spending to wreck the economy. if you are a republican, in permanent campaign mode, i'm sure one of your advisers is saying that going off the fiscal cliff might be the best thing in terms of the midterm election. worse, if you are a democrat, you might think the defense spending cuts could be coming and you might think that is good. there is a sense that those who want to stymie the president are going to be targeted by other politicians, business people, and yes, they will be targeted by us. you stand in the way of a deal, your principle is greater layoffs and lower standards of living and your principle is lower stock prices. the pressure of the business people putting on the government you get a deal spearheaded by our guest dave cote is greater than anything i have seen in our life and it is growing. that is why th
after all, if you are president obama, you believe the election is over and your campaign received a ringing endorsement. but if you are a republican, you have to believe that those republicans that do not want to rise above politics are banking on massive declines in spending to wreck the economy. if you are a republican, in permanent campaign mode, i'm sure one of your advisers is saying that going off the fiscal cliff might be the best thing in terms of the midterm election. worse, if you...
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Nov 17, 2012
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do you think obama doesn't get that? you really think he's going to try to play both sides against the middle? >> no, i -- look, he does get it. he talked to the israeli prime minister. i have confidence that the americans understand that israel cannot tolerate these types of missile attacks. and for all intents and purposes i suspect that the administration gave the israelis a green light. but of course they're concerned, as the israelis are, over what may happen if they in effect cause the egyptians to act against them. and that's the red line that no one understands yet. what may happen if the israelis march in with significant military force on the ground. and you and i are afraid to -- they don't know the answer at we will see. anyway, ambassador mark ginsb g ginsberg, thank you very much for walking us through all of that. >>> now, how's this for a great deal? listen to this. the government gives you $249 million. you go under. but then the government gives you another million just anyway while you go under. can yo
do you think obama doesn't get that? you really think he's going to try to play both sides against the middle? >> no, i -- look, he does get it. he talked to the israeli prime minister. i have confidence that the americans understand that israel cannot tolerate these types of missile attacks. and for all intents and purposes i suspect that the administration gave the israelis a green light. but of course they're concerned, as the israelis are, over what may happen if they in effect cause...
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Nov 6, 2012
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>> been actually better under obama. in fact, millionaires are better off today than they were four years ago or at least there are more of them a study from wealth insight showed that the u.s. added more than 1 million nairs under obama. that's 1,000 millionaires a day, or 40 millionaires an hour. now, in total there are now more than 5 million nairs in the u.s., 19 trillion in total wealth. the u.s. added more millionaires in obama's first three years than george busch created in his eight years. the obama gains are on par roughly clinton's second term, that was the big bull market earthquake the dot com boom. stock markets dried most of the growth decline in millionaires, the market rebounded in 2009 and 2010 gave us all those new millionaires, so, millionaires have done well under obama but as one of my readers wrote to me, brian, bernanke did more to create millionaires than barack obama. >> pretty much like dropping those million dollar -- >> it has. >> dollars from the sky, right? >> in order to take advantage of
>> been actually better under obama. in fact, millionaires are better off today than they were four years ago or at least there are more of them a study from wealth insight showed that the u.s. added more than 1 million nairs under obama. that's 1,000 millionaires a day, or 40 millionaires an hour. now, in total there are now more than 5 million nairs in the u.s., 19 trillion in total wealth. the u.s. added more millionaires in obama's first three years than george busch created in his...
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Nov 13, 2012
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obama care. obama care. now, i know -- >> that's a major regulatory obstacle because if you move from 49 to 59 workers and don't have the right kind of health insurance you have to pay $2,000 per worker per year. the only way you can get out of it is by making the full-time workers part time and as a result they are going to be all these additional part-time workers for americans who want full-time jobs. it is absolutely outrage house is this why all these big companies, i mean, not just fast food companies. it is industrial companies and it is media companies and it is -- is this why they are already laying off workers? >> there are -- that's one reason. larger industrial companies that provide health insurance are going to find there are winners in ending their own health insurance and dumping their work others the exchange and paying the penalty. but it is -- low wage jobs. entry-level jobs. low-skill jobs. the kind that people need to get their foot on the first rung of the career ladder. those are reall
obama care. obama care. now, i know -- >> that's a major regulatory obstacle because if you move from 49 to 59 workers and don't have the right kind of health insurance you have to pay $2,000 per worker per year. the only way you can get out of it is by making the full-time workers part time and as a result they are going to be all these additional part-time workers for americans who want full-time jobs. it is absolutely outrage house is this why all these big companies, i mean, not just...
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Nov 7, 2012
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and the obama camp spent slightly more than romney's. but can enjoy the spoils of victory, at least for tonight. romney and obama campaigns burnt through a combined total of $30 a second. $2.6 million a day. and $79 million a month during this election cycle. and a lot of that money would have flowed from wall street, but on election day, that particular district of lower manhattan is actually less important than ever. that's john carney's take. if you want to respond to that or anything else you've heard on the program, you know how. e-mail us, you can also tweet that guy. >> $79 million a month. i'm guessing that's over a two-year period? >> i guess it also works out to $400 per voter, if you assume that everyone were to turn out. so for the turnout itself, that would be an even higher tally. >> and we ended up with the status quo for all that money spent. i suppose that's one way of looking at it. >>> we just showed this. european stocks have a mild risk-on view today. there's a view now. of course, the fed won't be changing its polic
and the obama camp spent slightly more than romney's. but can enjoy the spoils of victory, at least for tonight. romney and obama campaigns burnt through a combined total of $30 a second. $2.6 million a day. and $79 million a month during this election cycle. and a lot of that money would have flowed from wall street, but on election day, that particular district of lower manhattan is actually less important than ever. that's john carney's take. if you want to respond to that or anything else...
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Nov 7, 2012
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norfolk went for obama. the city of richmond went for barack obama. we spoke to voters earlier and they talk about the economy and jobs and they are worried about the defense industry as well so that could put norfolk in play. this race is still neck and neck. >> thanks very much. it sure is neck and neck. florida one of the most popular swing states in the country. 29 electoral votes. >> hey there, it is a big one. people in orlando, florida, were toasting the end of what has been a long race to the white house. if romney wins them it makes it easier to get to the magic number. the race is neck and neck here. remember, margin of victory by a half a percent or less triggers an automatic recount. voter turnout looking very strong as well. over 63% of registered voting. that is above the levels in 2008. now keep in mind both candidates spent a lot of time and money. and the one that they put the most money into. until last month the president held the lead in the polls. that switched about a month ago. the people that we spoke with continued to say that
norfolk went for obama. the city of richmond went for barack obama. we spoke to voters earlier and they talk about the economy and jobs and they are worried about the defense industry as well so that could put norfolk in play. this race is still neck and neck. >> thanks very much. it sure is neck and neck. florida one of the most popular swing states in the country. 29 electoral votes. >> hey there, it is a big one. people in orlando, florida, were toasting the end of what has been...
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Nov 6, 2012
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the biggest thing is whether or not it is obama or romney h the market believes an obama victory is positive to bonds, from an economic standpoint, the mark it's opinion, not mine necessarily, well it is actually, but they are saying that it will be a hire regulatory environment and tax environment for corporations and a little bit of a slower recovery, therefore, you need the safety of bonds a little bit more a romney win would be the opposite. i think that's bigger factor than supply, although supply always has that kind of a constant weighing effect. >> right. right. all right, jim, thank you so much. appreciate it. >> thank you, sue. >> see you soon. >>> in the next hour, obama stocks versus romney stocks. we are going to check our exclusive cnbc port foal grows see hot market's banking on and whether you should, too. we will be right back. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wa
the biggest thing is whether or not it is obama or romney h the market believes an obama victory is positive to bonds, from an economic standpoint, the mark it's opinion, not mine necessarily, well it is actually, but they are saying that it will be a hire regulatory environment and tax environment for corporations and a little bit of a slower recovery, therefore, you need the safety of bonds a little bit more a romney win would be the opposite. i think that's bigger factor than supply,...
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Nov 6, 2012
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president obama has not done that. we have been kicking the can down the road on taxes, regulation, uncertainty on health care expenses and so i think with a romney administration what you will end up with is a solid four-year plan where american businesses can get back to doing what they do well which is allocating capital based on what they know costs to be. that's been the big problem in the last four years. unknowable costs lead to labor uncertainty. that's why we don't have the job growth. >> i want to read you something alan greenspan said. we are trying to do this -- solving the deficit problem and also the fiscal cliff -- without pain. there is no credible scenario in which that happens. you can put spending, entitlements, revenues, all of it on the table under that umbrella. are we going to get a deal on that? >> we have to. chairman greenspan is reflecting what a majority of the country feels about the inaction and some say incompetence in washington on that matter. anthony talked about the longer term deal t
president obama has not done that. we have been kicking the can down the road on taxes, regulation, uncertainty on health care expenses and so i think with a romney administration what you will end up with is a solid four-year plan where american businesses can get back to doing what they do well which is allocating capital based on what they know costs to be. that's been the big problem in the last four years. unknowable costs lead to labor uncertainty. that's why we don't have the job growth....
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Nov 5, 2012
11/12
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obama is elected. he wants to spend money on the infrastructure, and caterpillar has actually done pretty well over the past month, given that the market, the broader market has not done particularly well, and that b-to-b, at least as far as asia is concerned isn't doing particularly well. if you want to spend money and create jobs, then taking the politics out of it, probably the way to do it is infrastructure. and god knows the northeast is going to need plenty of infrastructure spending over the next couple of years. so i think caterpillar does really well if mr. obama is reelected, for more on the question of which candidate will be better for the markets, let's bring in the chief economist at cibc world markets. welcome, avery, to the show. and the conventional thinking is that obama is better for bonds, romney better for stocks. do you agree? >> i think that's the one-day knee-jerk reaction. but i think knee-jerk reactions can be wrong. you know, attend of the day, what equities really need is gr
obama is elected. he wants to spend money on the infrastructure, and caterpillar has actually done pretty well over the past month, given that the market, the broader market has not done particularly well, and that b-to-b, at least as far as asia is concerned isn't doing particularly well. if you want to spend money and create jobs, then taking the politics out of it, probably the way to do it is infrastructure. and god knows the northeast is going to need plenty of infrastructure spending over...
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Nov 10, 2012
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obama can let the tax cuts expire. my guess is he'll start talking immediately, maybe next week about proposing, you know, sustaining the tax cuts for everybody except the top 2% and he can let the tax cuts expire and do the same thing and then republicans will try to essentially block a tax cut for '98% and 99% of the american people and the only choice is how he chooses to approach the debt limit and obama would be a fool if he lets them use it the same way. my bet is if the white house faces the clinton option and the debt limit's unconstitutional and we're lifting it, if you don't like it, see you in court. >> how long, do you think, we're in early november. how long do you think this era of compromise and common ground will last? >> i think that any deal isn't going to happen until the last hours of december. so, and it's going to be a short term deal and i would bet that they are looking for a way to kick the can down the road again rather than taking up the big issues in the short period of time. >> in that sens
obama can let the tax cuts expire. my guess is he'll start talking immediately, maybe next week about proposing, you know, sustaining the tax cuts for everybody except the top 2% and he can let the tax cuts expire and do the same thing and then republicans will try to essentially block a tax cut for '98% and 99% of the american people and the only choice is how he chooses to approach the debt limit and obama would be a fool if he lets them use it the same way. my bet is if the white house faces...
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Nov 6, 2012
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are markets right to believe an obama win? >> there are several factors obviously the past week with hurricane sandy has galvanized several voters in the way the president handled the crisis. it's really motivated many democrats and independents to really come out and rejuvenate sort of the vote. and i think -- i don't know if i'd put it as high as nate silver, but do i think that it bodes well for the president today. >> how important is the turnout, how much do you think the weather has had on hurricane sandy? >> turnout is always key. we can project -- we have been projecting these things and debating them for the past few months, but it all boys down to today. and i think that the situations of the united states especially in the northeast corridor are definitely voted to do so. granted there will be some individuals who just won't be able to because they aren't in their district, they no longer have homes and they're dealing with much larger issues. but i think those that are able to vote will definitely come out and vote
are markets right to believe an obama win? >> there are several factors obviously the past week with hurricane sandy has galvanized several voters in the way the president handled the crisis. it's really motivated many democrats and independents to really come out and rejuvenate sort of the vote. and i think -- i don't know if i'd put it as high as nate silver, but do i think that it bodes well for the president today. >> how important is the turnout, how much do you think the...
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Nov 7, 2012
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obama won. now, you're going to have to reconcile that in order to get anything done. >> we've got to go to ohio because, you know, here we are hearing that the romney campaign is contesting this. this win out of ohio. >> not conceding. >> not conceding, not conceding, pardon me. let's get to scott cohn, live, i want to get the flavor live on the ground in ohio. scott, what can you tell us? >> reporter: first of all when ohio is the state that put romney over the top as many suggested, you get the reaction from the very pro-obama crowd here. but let me take you through what the issue is with ohio and why, perhaps, the romney camp is not conceding it yet. the two candidates with the raw vote totals now, about 75% of the raw votes in, separated by about 30,000 votes. that's not enough when you start figuring in the provisional ballots. remember we talked about 200,000 provisional votes that -- provisional votes likely to be counted. they start count of that in ten days. here's the thing the obama
obama won. now, you're going to have to reconcile that in order to get anything done. >> we've got to go to ohio because, you know, here we are hearing that the romney campaign is contesting this. this win out of ohio. >> not conceding. >> not conceding, not conceding, pardon me. let's get to scott cohn, live, i want to get the flavor live on the ground in ohio. scott, what can you tell us? >> reporter: first of all when ohio is the state that put romney over the top as...
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Nov 8, 2012
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he wants four for obama so hillary can run. is it going to be good no matter the next four years or the last? >> i think it's going to get worse before it gets better. one of our views at our firm is that business cycles are going to be shorter, they'll be more typical. you go into recessions every four and five years which is more normal. the '80s and '90s were anomalies, very long cycles and long expansions. >> the average duration of the business cycle since the '20s is 38 months and guess when that ended? this month. >> right. >> i don't know what would have happened yesterday, steve f romney had been elected. >> all kinds of people would have been saying all kinds of things. you can be sure about that. >> we might have been done better than down 300. i don't know for sure. maybe there's other things. >> i'm with andrew in the following way i find it impossible to believe the market did not discount an obama victory the way -- >> you were just arguing romney was going to win, that's why it would be a good year. >> quickly c
he wants four for obama so hillary can run. is it going to be good no matter the next four years or the last? >> i think it's going to get worse before it gets better. one of our views at our firm is that business cycles are going to be shorter, they'll be more typical. you go into recessions every four and five years which is more normal. the '80s and '90s were anomalies, very long cycles and long expansions. >> the average duration of the business cycle since the '20s is 38 months...
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Nov 6, 2012
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obama. >> i saw some obamas. >> thank you. 7:00. you and carl will be getting us through until we know who won. >>> when we come back the election and the fiscal cliff, the chairman and ceo of pmc will be joining us with his advice on how to avoid the big plunge. the fiscal cliff can't be allowed to sustain itself. we have now just driven the debt position up in the country. if the fed hadn't been buying all of the securities interest rates would be much higher. the annual deficit would be much higher. i think we can't allow that from the point of view of our children we can't allow the debt to continue. i would hope washington understands that. >> we are going to leave it there. appreciate you coming on this evening. we hope to see you in the morning one of these days soon. >> you hear the music and that could only mean one thing. jim cramer is making his way to the set. i never knew -- i heard the old cramer say cramerica. he will have the sectors on the move. a special edition of "squawk box" after this. ♪ ♪ ♪ [ male announ
obama. >> i saw some obamas. >> thank you. 7:00. you and carl will be getting us through until we know who won. >>> when we come back the election and the fiscal cliff, the chairman and ceo of pmc will be joining us with his advice on how to avoid the big plunge. the fiscal cliff can't be allowed to sustain itself. we have now just driven the debt position up in the country. if the fed hadn't been buying all of the securities interest rates would be much higher. the annual...
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Nov 7, 2012
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president obama did nine rallies. governor romney held ten rallies, spent $131 million just in television ad campaigns. so again, this state running very close right now. this is going to take a couple more hours. back to you. >> as you point out, diana, the new virginia is different from the old virginia. nbc news, let's recap right now, has projected that mitt romney is the winner in the state of indiana. and there you see 11 electoral votes in the romney column. nbc news also projecting mitt romney the winner in the state of kentucky with 8 electoral votes based on 5% of the polling data in. president obama is the projected winner in vermont as expected. that is 3 electoral votes. >> we still have too early to call in georgia according to nbc news, that is the same case in south carolina, too early to call, and in virginia, it is too close to call according to nbc news. so again, we are waiting on virginia and you mentioned a great point because virginia has been obama territory for so long. >> it was in the last e
president obama did nine rallies. governor romney held ten rallies, spent $131 million just in television ad campaigns. so again, this state running very close right now. this is going to take a couple more hours. back to you. >> as you point out, diana, the new virginia is different from the old virginia. nbc news, let's recap right now, has projected that mitt romney is the winner in the state of indiana. and there you see 11 electoral votes in the romney column. nbc news also...
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Nov 5, 2012
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president obama or mitt romney. we ask td ameritrade ceo who has the pulse on what individual investors think. >>> we all know that this is going to be the most expensive presidential election, ever. but you really are not going to believe how much is spent per second for your vote. we're also expected to here hear about a revolutionary way to fight high cholesterol. listen up if you have it. t we have the big unveil covered. "street signs" at the top of the hour. back to you on "power lunch." >>> president obama and governor romney are sprinting through those key battleground states on the last day of campaigning. president and ceo of the national urban league is here, the former mayor of new orleans. he joins us, as does the founder and ceo of christie strategies and former special assistant to george w. bush. welcome, gentlemen. this one is going to be a squeaker. ron, i'll start with you. tell me why you think mr. romney will prevail. >> i'm cautiously optimistic. i think governor romney for the last several wee
president obama or mitt romney. we ask td ameritrade ceo who has the pulse on what individual investors think. >>> we all know that this is going to be the most expensive presidential election, ever. but you really are not going to believe how much is spent per second for your vote. we're also expected to here hear about a revolutionary way to fight high cholesterol. listen up if you have it. t we have the big unveil covered. "street signs" at the top of the hour. back to you...
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Nov 2, 2012
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the obama administration eliminated that. they've changed the rules and that has allowed many, many people in. a big example i'd like to look at is unmarried people. for some strange reason, unmarried people have fallen much farther below unemployment than married people. they have a lot better access to these programs. >> have the work requirements been removed, casey? is that a problem? the work requirements? is it too easy to go on safety net programs? >> that would be one of a dozen things that has happened. that's one of the factors. >> may i respectfully interject here? i don't know what professor mulligan is talking about. there's still three people looking for every job opening. when you have three people looking for every job opening you want to have safety nets there for people. it's not only fogood for the people but puts money in their pockets to buy things and keeps other people employed. this is economics 101. >> now there are millions of people who can make just as much by not working. that's a bad situation. >
the obama administration eliminated that. they've changed the rules and that has allowed many, many people in. a big example i'd like to look at is unmarried people. for some strange reason, unmarried people have fallen much farther below unemployment than married people. they have a lot better access to these programs. >> have the work requirements been removed, casey? is that a problem? the work requirements? is it too easy to go on safety net programs? >> that would be one of a...
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Nov 19, 2012
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of course, the oddity here is that the republican leadership wants to completely ignore president obama's win. he did win. i was there that tuesday night. and win -- as if it entirely didn't happen. i mean you can easily ask why protect the rich from the tax increases? these people invest in new businesses versus buying and saving bonds. i mean job creators. how about municipal bond buyers? they're not out there creating jobs. they're buying immunities. you also have to ask yourself yshgs do so many republicans favor allowing hedge funds to pay a vastly reduced capital gains rate on the paychecks instead of ordinary income tax as the rest of us? i can tell you i didn't need the 15% rate to have a good year. a simple hey let's see from pelosi and everything is on the table for mcconnell. that is kind of what we want to hear. but why put everything on the table if sm something is already taken off the table, at built to compromise over higher taxes for the wealthy. taken off the table, it's not going to be on the table. put the it another way, who is sinking below rather than rising above p
of course, the oddity here is that the republican leadership wants to completely ignore president obama's win. he did win. i was there that tuesday night. and win -- as if it entirely didn't happen. i mean you can easily ask why protect the rich from the tax increases? these people invest in new businesses versus buying and saving bonds. i mean job creators. how about municipal bond buyers? they're not out there creating jobs. they're buying immunities. you also have to ask yourself yshgs do so...
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Nov 26, 2012
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she was an acting sec chair during 2009, the transition between the bush and obama administrations. but already people are starting to turn to the legacy here of mary shapiro who took office, as you recall, right in the depths of the financial crisis and right off the fraud by bermy nay do have had been exposed throughout the world with far reaching implications for the sechlt. c and how it governed regulation over financial markets. already folks looking at the legacy of shapiro. s.e.c. pointing out today that they've got a record number of enforcement actions in the past two years. 1,469, to be precise. also huge expanse of dodd-frank rule makings will be part of her legacy here. and response to the flash crash, another item that's going to be long lasting after she leaves this building on december 12 p. exchanges there forced to create an audit trail for the first time. financial historians will be digging through what mary shapiro's done for years to come. speculation that the president will nominate somebody to succeed her at some point after her full -- she succeeds mary shapi
she was an acting sec chair during 2009, the transition between the bush and obama administrations. but already people are starting to turn to the legacy here of mary shapiro who took office, as you recall, right in the depths of the financial crisis and right off the fraud by bermy nay do have had been exposed throughout the world with far reaching implications for the sechlt. c and how it governed regulation over financial markets. already folks looking at the legacy of shapiro. s.e.c....
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Nov 7, 2012
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obama care is here to stay. barbara ryan is founder of barbara ryan advisers and former senior pharmaceutical analyst at deutsche bank. welcome to the program. >> good to be here. >> we've had two near death experiences for obama care. the supreme court decision and then the election and now people will see of course just beyond what it means for youngsters staying on their parents' health care plans. with he get the full rollout in 2014. mandatory health care for everybody. you are a pharmaceutical analyst but more broadly, what does it mean for the industry would you say? >> break it into two parts. services is where implementation of obama care is going to have its most significant effects. the fact that it looks like it's here to stay given the elections last night and obviously the supreme court decision, we see therefore the greatest volatility in the hmos negatively affected over time and hospitals which would be favorably impacted. we see impact on those stocks today. on the product side, i think the imp
obama care is here to stay. barbara ryan is founder of barbara ryan advisers and former senior pharmaceutical analyst at deutsche bank. welcome to the program. >> good to be here. >> we've had two near death experiences for obama care. the supreme court decision and then the election and now people will see of course just beyond what it means for youngsters staying on their parents' health care plans. with he get the full rollout in 2014. mandatory health care for everybody. you are...
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Nov 6, 2012
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look at president obama. he has a one percentage point decline in unemployment rate in 12 months prior and we don't know what will happen. if you just get question marks in, we wait to see what margin plus or minus of his victory. we did a poll and asked people who are unemployed how are you going to vote in the election. let's look at the overall vote which comes from nbc/"wall street journal." likely voters, a split electorate. you would think unemployed would break in favor of the challenger. doesn't happen. 48-48 among those who have been unemployed in the last four years or someone in the household has been unemployed. if only someone in the household, they break 51-48. if he are unemployed they break by five percentage points in favor of obama. that's the national level. what about the state level? again, it's a confused picture. first you look at this map. darker is worse for unemployment. what's dark? new york is dark. in higher third of unemployment. what else is dark? california is dark. these are s
look at president obama. he has a one percentage point decline in unemployment rate in 12 months prior and we don't know what will happen. if you just get question marks in, we wait to see what margin plus or minus of his victory. we did a poll and asked people who are unemployed how are you going to vote in the election. let's look at the overall vote which comes from nbc/"wall street journal." likely voters, a split electorate. you would think unemployed would break in favor of the...
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Nov 12, 2012
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with president obama's relection last week, it could be four more years before this happens. since the president hasn't done anything to promote this cleaner, more abundant fuel that is, well, let's just put it this way, it's certainly a lot better than importing diesel which brings me to west it is port innovations. they make the technology that allows engines to run on natural gas. they have the best tech in the business. the world's number top engine maker and another with caterpillar. westport stock has been savaged over the last couple months. the company preannounced disappointing results at the end of october. last wednesday it got hit by a sell initiation from goldman sachs, brutal. the very next day reported a larger than expected loss. after getting pounded down to the low 20s, they rebounded on friday. rallied more than 9%. the company announce the they would start producing the first long haul truck engine next year. that can be a sign that maybe things bottomed. long term the stock has given us a double since i first got behind it in january 2010. but now it's do
with president obama's relection last week, it could be four more years before this happens. since the president hasn't done anything to promote this cleaner, more abundant fuel that is, well, let's just put it this way, it's certainly a lot better than importing diesel which brings me to west it is port innovations. they make the technology that allows engines to run on natural gas. they have the best tech in the business. the world's number top engine maker and another with caterpillar....
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Nov 5, 2012
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obama, white men favor obama. there's just not enough -- >> favor romney. >> i mean favor romney. there's not enough white men out there to swing romney. that's how i feel. >> the journal points out today they think the end of the election is a win for the markets no matter what happens because it takes some uncertainty off the table. what do you two think? >> i totally agree. i feel like we are beleaguered by the election. i would love to go back to fundamentals and worry about greece. >> do you think we'll talk about the fiscal cliff wednesday morning? >> i think that a resolution will enable one party to be able to blink, i hope, or at least be able to say, look, we have to come together. the fiscal cliff is one that is -- i keep thinking it's much more of a fiscal hill that's been the new slope. anything that says, okay, look some party is in jeopardy or some people is in jeopardy will make somebody blink. i think we're a great country and that we'll solve this. >> guys, we'll see you in a few minutes coming u
obama, white men favor obama. there's just not enough -- >> favor romney. >> i mean favor romney. there's not enough white men out there to swing romney. that's how i feel. >> the journal points out today they think the end of the election is a win for the markets no matter what happens because it takes some uncertainty off the table. what do you two think? >> i totally agree. i feel like we are beleaguered by the election. i would love to go back to fundamentals and...
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Nov 6, 2012
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, and i didn't come on here just to promote obama versus romney, i think obama has put in obama care affordable care act, i think there are many features that protect small businesses, if you're under 50 employees, you're under 25 employees, you really are pretty much removed from all of the problems. >> that might make you want to keep it at 49 employees. might make you hesitant to go above that and add jobs if it means you're now all of a sudden -- >> one of the advantages, i was talking to our companies yesterday, one of the best parts is he hires a lot of young people and now all the people who are under 25 that he's hired, of which most of them are, are all staying with their parents. >> so you see people, just on a couple days ago, companies that used to do full time are now going to part-time because they don't want to do health care for full time so they switch the business model to favor part-time. >> you know, honestly, i would say that may be true for a lot of the larger companies. i see so many small businesses, i was out in california yesterday, i must have met in four d
, and i didn't come on here just to promote obama versus romney, i think obama has put in obama care affordable care act, i think there are many features that protect small businesses, if you're under 50 employees, you're under 25 employees, you really are pretty much removed from all of the problems. >> that might make you want to keep it at 49 employees. might make you hesitant to go above that and add jobs if it means you're now all of a sudden -- >> one of the advantages, i was...
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Nov 17, 2012
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president obama met with congressional leaders and they made optimistic noises about how they are confident they'll reach a deal to avoid the looming fiscal cliff? the meeting helped stem the tide of decline. it caused the averages to slightly rebound. the dow closing up 46 points, pretty impressive. call me cynical, but i think we need to be careful about getting too excited about any near term resolution. how many times during the debt ceiling debacle, remember that? did our leaders insist they could hammer out a deal. even a huge grand bargain to fix the deficit only to have the negotiations unravel. until we get a resolution, the fiscal cliff will be the most important issue out there. tonight as part of my game plan, i'm going to give the historical prism as long as the cliff is hanging over our heads. as a gristled veteran of the markets, i searched my memory for the perfect analog for this moment and found it in something that happened more than 20 years ago. before i give you the investing framework for the next six weeks, let's go over the more time sensitive stuff and game plan fo
president obama met with congressional leaders and they made optimistic noises about how they are confident they'll reach a deal to avoid the looming fiscal cliff? the meeting helped stem the tide of decline. it caused the averages to slightly rebound. the dow closing up 46 points, pretty impressive. call me cynical, but i think we need to be careful about getting too excited about any near term resolution. how many times during the debt ceiling debacle, remember that? did our leaders insist...
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Nov 5, 2012
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you think obama is going to win. explain. >> i know i have disagreements here. >> there's a lot going on in there. do you even have room in there to pick electoral votes of states. >> i have room to talk about the greatest rookie ever in my fantasy league. total vacuum. i feel all of the -- this is my rap. i say swing states all go for obama and that the horse race is made up of people who are not necessarily polled correctly and i think these states are obama states. i'm just saying if it's a swing state, it goes to obama. >> others would say independents skew toward the challenger. some polls may not reflect enthusiasm. >> so happy when we're no lodngr talking about this. god. sorry. >> i'll talk storm then. >> let's talk about netflix poison pill they just put in. that's big. >> that's a great story. >> of course they got that saying we're going to protect shareholders. make sure everybody is okay. >> you can't firebomb that. i'm willing to firebomb the election as a way to -- i really do believe that the swing st
you think obama is going to win. explain. >> i know i have disagreements here. >> there's a lot going on in there. do you even have room in there to pick electoral votes of states. >> i have room to talk about the greatest rookie ever in my fantasy league. total vacuum. i feel all of the -- this is my rap. i say swing states all go for obama and that the horse race is made up of people who are not necessarily polled correctly and i think these states are obama states. i'm just...
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Nov 26, 2012
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they'll remember barack obama. i don't understand how -- maybe this is just where everyone will be shocked and all of a sudden they'll meet somewhere oond he'll say fine, as long as you raise revenues. but i don't see it that way. >> where are you on the numbers some. >> i think 250,000 is too low. i think 500,000 or a million is more in order. the administration's consistently talked about the ultra wealthy and the millionaires. i think the notion me personally of millionaires paying more is fine. i think if it's done in the tone of constructive collaboration and everybody picks up an ore and rose for rez lose i'm fine. >> and where would you be on capital gains and dividends? >> that's a little bit stickier, but to your earlier point, around your buffett example, can capital gains go up a little bit and dividends? probably. do i think it has a material impact on capital deployment and investment, probably not. i think, joe, your point on the marginal tax rate, i think that is the key issue on the tax side. >> buf
they'll remember barack obama. i don't understand how -- maybe this is just where everyone will be shocked and all of a sudden they'll meet somewhere oond he'll say fine, as long as you raise revenues. but i don't see it that way. >> where are you on the numbers some. >> i think 250,000 is too low. i think 500,000 or a million is more in order. the administration's consistently talked about the ultra wealthy and the millionaires. i think the notion me personally of millionaires...
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Nov 19, 2012
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so i think a first thing to look at is actually president obama's budget. president obama's budget actually does have specific way to get to additional $1.6 trillion in revenue, people may not like it. we can have a debate around it but it goes line by line as you can get an additional $1.6 trillion in revenue. when it comes to entitlements it has an additional $300 billion in savings. health care it goes line by line. in the next several weeks my guess is we're not going to agree to all those lines. my hope is they agree to overall targets when it comes to entitlements and revenue, they may lay out a number of the ways that you'd end up reaching those targets and several months after that, that actually write the legislation. i think the danger is that when it comes to the discretionary budget, 40% of the budget that's annually appropriate, where you decide how to allocate resources annually, what they decide to do is they end up reducing that category three or five years out. they realize they don't have to make the hard decisions for three to five years
so i think a first thing to look at is actually president obama's budget. president obama's budget actually does have specific way to get to additional $1.6 trillion in revenue, people may not like it. we can have a debate around it but it goes line by line as you can get an additional $1.6 trillion in revenue. when it comes to entitlements it has an additional $300 billion in savings. health care it goes line by line. in the next several weeks my guess is we're not going to agree to all those...
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Nov 1, 2012
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remember when president obama was elected, he said he'd put a lot of people to work in shovel-ready job. turned out there weren't that many jobs that were ready in. the wake of sandy, i don't think there are enough shovels ready for up and down the jersey and new york coast. these jobs will be created. this destruction, estimated between $30 billion and $50 billion. i think it's going to exceed that. maybe at least get to the high end. will finally move the employment need until this country. -- in this country. just as did did in the wake of hurricane andrew. now, when we look at industries that have been hardest hit since the great recession, the one that stands out the most is the construction business. construction business is about half of what it was six years ago. the culprit, banks that are afraid to lend, excess of homes, no need for new buildings and roads. the federal government doesn't need loans from banks. the federal government can cut immediate checks to get work done. the federal government is the only entity big enough for this job. and i think the emergency nature of
remember when president obama was elected, he said he'd put a lot of people to work in shovel-ready job. turned out there weren't that many jobs that were ready in. the wake of sandy, i don't think there are enough shovels ready for up and down the jersey and new york coast. these jobs will be created. this destruction, estimated between $30 billion and $50 billion. i think it's going to exceed that. maybe at least get to the high end. will finally move the employment need until this country....
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Nov 2, 2012
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it could be crushed by president obama. china is the growth market for peabody. big coal company. closed $29.28. it's been a remarkable run. the weirdest rally is tech. we have seen so many disappointments in tech, we forget how much of tech goes into china. huge market. so let's just say it was enough to reverse the trend of all of those stocks. they moved higher. it was as if they reported better, not worse than expected earnings. china provided the change at the margin to make this rally happen. china, not the u.s., which everyone knows is okay, and europe is getting much worse. when you get a number that breaks the fall of a huge economy like the one we got from china i i read about in zucotti park this morning, it spells growth. that's what we got. in return, so many of the industrial and tech stocks that had looked like ugly ducklings turned into beautiful swans -- white ones at that. i don't expect them to revert to their hideous stature. the first in a long line of positive numbers. let's go to george in virginia. >> caller: hello jim. i've got some biomed. it had good ear
it could be crushed by president obama. china is the growth market for peabody. big coal company. closed $29.28. it's been a remarkable run. the weirdest rally is tech. we have seen so many disappointments in tech, we forget how much of tech goes into china. huge market. so let's just say it was enough to reverse the trend of all of those stocks. they moved higher. it was as if they reported better, not worse than expected earnings. china provided the change at the margin to make this rally...
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Nov 7, 2012
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what is obama willing -- what is obama willing to do on entitlement reform? >> i agree. >> is he -- >> he can't either probably. >> and can he deliver the house democrats. because you can't pass it just with the republican votes. >> everybody going to find religion if we do go over this fiscal cliff? >> if the president is willing to -- and i think he will be willing to find more savings in entitlements, particularly in health care, i think -- i think the house democrats will go -- >> i think it's very difficult to do that in a six-week period punctuated by thanksgiving and christmas. >> we have, i think, 34 days, working days and i don't believe congress is in session for all of those days. >> right. they are not. >> the president has the power to convene. lock them in a room, get an mou done. >> it shows leadership, which so far the president has not been willing to do in the first four years on deficit reduction. he has not brought people together. >> come on, kenny, he sat with boehner for three months -- >> and walked away. >> he didn't walk away from it
what is obama willing -- what is obama willing to do on entitlement reform? >> i agree. >> is he -- >> he can't either probably. >> and can he deliver the house democrats. because you can't pass it just with the republican votes. >> everybody going to find religion if we do go over this fiscal cliff? >> if the president is willing to -- and i think he will be willing to find more savings in entitlements, particularly in health care, i think -- i think the...
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Nov 2, 2012
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we'll look at the obama jobs record in a second. let's focus on the october report. 125 is the number expected, 7.9%, a tick up in the unemployment rate, not giving back the gains. >> the 7.9 that would be the round trip, that would be january 20th. >> the number whenby ma took office. >> i thought it was 7.9. it went below? >> 7.9. >> so 7.9. >> it went up and down. i have the obama jobs record for democrats, republicans and economists, and you'll have a lot to say. >> no, i won't have anything to say. i'm saying it would be weird the symmetry of 46 months above and to end on where the day you took office. >> the consensus for this morning is taking a lot of cross currents in the data, with the business side of the data suggesting a weak employment report but consumers acting and talking like jobs are plentiful. capital spending influences my thinking about this morning's number, regional fed surveys down and layoff announcements up just a bit. jobless cuts consistent with the 125 to 150. conference boards gauge of jobs plentiful o
we'll look at the obama jobs record in a second. let's focus on the october report. 125 is the number expected, 7.9%, a tick up in the unemployment rate, not giving back the gains. >> the 7.9 that would be the round trip, that would be january 20th. >> the number whenby ma took office. >> i thought it was 7.9. it went below? >> 7.9. >> so 7.9. >> it went up and down. i have the obama jobs record for democrats, republicans and economists, and you'll have a lot...
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Nov 14, 2012
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later, yesterday he sat down with president obama and other labor leaders. today he sits down with national education association dennis van roekel joins us to talk about the cliff. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] dayquil doesn't treat that. huh? [ male announcer ] alka-seltzer plus rushes relief to all your worst cold symptoms, plus it relieves your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a killer investing dashboard. everything is on one page. i'm watching you. oh yeah? well i'm watching you, watching him. [ male announcer ] try the e-trade 360 investing dashboard. f we go over the fiscal cliff, how could it affected taxes for everyone? the answer is different groups will be affected very differently. steve liesman has more on the numbers. >> what we do know is if we go over the cliff, no change in what is mandated by those rules. everybody will pay more. we've divide
later, yesterday he sat down with president obama and other labor leaders. today he sits down with national education association dennis van roekel joins us to talk about the cliff. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] dayquil doesn't treat that. huh? [ male announcer ] alka-seltzer plus rushes relief to all your worst cold symptoms, plus it relieves your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth!...
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Nov 26, 2012
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even if obama's tax hikes don't go into effect. that's a lot of money especially new york state, new york city taxes over 52%. then i'd take that giant check and bring it to washington. you know they have that ad campaign, yeah, that kind of rich? that kind of check is that kind of rich. >> gentlemen, thank you very much. sue, down to you. i wonder what sue would do? >> i would pay for the three college educations that i'm going to have to fund all at the same time. that would be the first thing i'd do. there's a lot of good that you could do with that money. who knows? good luck to everybody who's got a ticket. >>> coming up in the next hour, the recovery road trip kickoff. day one of a three-day tour of the top cities for stocks. "street signs" reveals the number three mystery city straight ahead. we're back in a minute with a market update. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health
even if obama's tax hikes don't go into effect. that's a lot of money especially new york state, new york city taxes over 52%. then i'd take that giant check and bring it to washington. you know they have that ad campaign, yeah, that kind of rich? that kind of check is that kind of rich. >> gentlemen, thank you very much. sue, down to you. i wonder what sue would do? >> i would pay for the three college educations that i'm going to have to fund all at the same time. that would be...
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Nov 1, 2012
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president obama surveyed the damage with chris christie yesterday. this morning kayla tausche is in toms river, seaside heights. what's it look like there? >> reporter: it's very dark here. we're at the mouth of the bridge which leads over to sea sooid heights, a road only accessible by emergency vehicles and that will be that way for the foreseeable future. but here's the state of sandy recovery in new jersey. the death toll has climbed to 14 in the garden state. nearly 2 million residents are still without power. and over 4,000 people remain in shelters here in new jersey. there's actually a big shelter here nearby in toms river. one of the onlien wog in the state that actually allows pets, so you can imagine how crowded that one is. but here recovery will be a long process. for residents who live here full-time or formerly lived here full-time, you can imagine that the first call is to fema. 2,000 representatives on the ground. and they expect fema will be able to give them more immediate help versus the longer claims process from insurance compan
president obama surveyed the damage with chris christie yesterday. this morning kayla tausche is in toms river, seaside heights. what's it look like there? >> reporter: it's very dark here. we're at the mouth of the bridge which leads over to sea sooid heights, a road only accessible by emergency vehicles and that will be that way for the foreseeable future. but here's the state of sandy recovery in new jersey. the death toll has climbed to 14 in the garden state. nearly 2 million...
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Nov 19, 2012
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power lunch" as he was one of the group of civic leaders to meet behind closed doors with president obama on friday. mark morial, a very happy saints fans as they beat the raiders yesterday, the ceo of the national urban league. you spoke with the president on friday, mayor. where do you think he sees the most fruitful opportunity for compromise? >> the president was in a great mood and i think our meeting on friday capped off a meeting during which the president -- a week, rather, during which the president met with business, labor, civic leaders and congressional leaders. and the most important thing from our perspective are, one, to ensure that middle class and working class tax cuts are sustained in the negotiations, and then number two, to ensure that any of the steps that are taken do not affect negatively on the fragile recovery and the job creation which is beginning to take place. and thirdly, to ensure that america's most vulnerable citizens, those who have been damaged by the recession in a very big way, do not have to bear disproportionate share of the burden to get us to a gr
power lunch" as he was one of the group of civic leaders to meet behind closed doors with president obama on friday. mark morial, a very happy saints fans as they beat the raiders yesterday, the ceo of the national urban league. you spoke with the president on friday, mayor. where do you think he sees the most fruitful opportunity for compromise? >> the president was in a great mood and i think our meeting on friday capped off a meeting during which the president -- a week, rather,...
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Nov 15, 2012
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yesterday business leaders urged president obama and lawmakers to prevent a year end across board tax rise that will go into act unless congress acts. >> he understands it requires a combination of tax increases and title refor and discretionary spending cuts that dnl democrats and republicans have to work together. i'm is sure there will be a lot of forth and back between republicans and democrats, the congress and the president as they start to work their way to a deal. but i'd say there's strong recognition of the significant of getting a deal for the ben fft t benefit of the american public. >> this is all about trying to make american business more competitive, trying to have a fair balanced approach to tax refo reform. the president was clear he wants a balanced approach and we were clear we are behind him. >> top the president and top member of congress will be meeting. cnbc is urging leaders to rise above partisan rhetoric to try to find a solution and in that spirit, we have two guest hosts. first of all, george p. bush, and jared bernstein, both joining us to talk about poli
yesterday business leaders urged president obama and lawmakers to prevent a year end across board tax rise that will go into act unless congress acts. >> he understands it requires a combination of tax increases and title refor and discretionary spending cuts that dnl democrats and republicans have to work together. i'm is sure there will be a lot of forth and back between republicans and democrats, the congress and the president as they start to work their way to a deal. but i'd say...
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Nov 27, 2012
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meantime today president obama will be meeting with small business leaders. at issue of course is the series of tax increases and spending cuts that kick in at the end of the year if congress doesn't act. >> there will come a point in time where we can't borrow anymore money and interest rates will sky rocket. >> cnbc's raise above campaign continues. we're asking who has the courage to rise above partisan politics and find a solution. among our guests, three men who understand washington, wall street and corporate america very well. we have the chairman of president george w. bush's council of economic adviser, ed lazear, roger altman, and real estate tycoon don peebles. but let's cover this morning's top headlines. >>> we do have a lot in the corporate headlines this morning including equity residential and avalon bay communities agreeing to buy archstone from lehman brothers holdings. the price tag, about $6.5 billion in cash and stock. the deal gives lehman cash to help pay its creditors as it liquidates. but it paid $22 billion for this company originall
meantime today president obama will be meeting with small business leaders. at issue of course is the series of tax increases and spending cuts that kick in at the end of the year if congress doesn't act. >> there will come a point in time where we can't borrow anymore money and interest rates will sky rocket. >> cnbc's raise above campaign continues. we're asking who has the courage to rise above partisan politics and find a solution. among our guests, three men who understand...
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Nov 27, 2012
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he's known boehner for years and believes the speaker wants to make a deal with president obama to avoid the fiscal cliff, but he's seen washington's dysfunction and has his doubts. >> he's somewhat just like the president. it's time to do ahead and do your job. >> speaker boehner is secure enough in his own district that his constituents will give him a free hand to negotiate. his bigger challenge is pulling together republicans from districts across the country behind any deal he ultimately strikes with president obama. >> carl, that's not just john boehner's job. it's also the job of eric cantor, the majority leader the on the democratic seed, harry reid and chuck schumer have to pull their flock behind any potential deal struck. that's not easy getting 60 votes the in the senate and the majority of the house. >> rangling cats on both sides, john. the president meeting with business executives at the white house, going to pennsylvania this week to visit a small business. all theater, or is there something bigger going on? >> he's trying to put pressure on the congress and generate mor
he's known boehner for years and believes the speaker wants to make a deal with president obama to avoid the fiscal cliff, but he's seen washington's dysfunction and has his doubts. >> he's somewhat just like the president. it's time to do ahead and do your job. >> speaker boehner is secure enough in his own district that his constituents will give him a free hand to negotiate. his bigger challenge is pulling together republicans from districts across the country behind any deal he...